Wonderful reflection my friend! 

My wife and I have overhauled our personal budget to reflect the 'pay yourself first' approach (allocate in order: income comes in -> invest -> donate -> fixed expenses -> variable expenses -> fun $$).We are looking to see what experienced people generally recommend for a holding tank for that 'invest' allocation while we target our first real estate deal.What financial vehicles have you guys used that works well for this?

In its current state:Current NOI: $79,058 (based on 80% occupancy).Current Cap Rate (at $1.25M): 6.32%, reflecting the property’s as-is performance.Value at a 7.5% Cap Rate (Market): $1.05M, based on current NOI.Given the renovations, vacancies, and risks tied to stabilizing the property, I’m considering offering $850K to reflect its current state and value-add potential.

I'm curious, at what point does this reflect poorly on PM and suggest I should get antoher PM?

The price should reflect the current performance, not the seller’s expectations for the future.Seller financing is a big plus.

If they push back, you might consider adjusting the rent to reflect the change.

Helps me reflect on the day and see what needs to change in that

Should that reflect the new amount, and then I simply confirm via email to tenants the additional $100? 

North Carolina, Florida and Tennessee round out the five leading growth states.And, for the fifth year in a row, California reflected the largest net loss of one-way movers, according to the data.

Have you taken the time to sit down and reflect on last year and how you did compared to the goals you set for yourself in 2024?